50k needed to close on a NPN. Deed in lieu is currently being negotiated with the borrower. otherwise foreclosure takes 3 months. Collateral is in a non-judicial state. Home is in turn key condition in a hot market ready to be sold. BPO of 95-110k. Collateral will be the note itself.
Offering 20% down payment 10% interest with interest-only payments for 6 months balloon.